In one of the longest horizontal wells ever drilled in the US with total measured depth over 28,000 feet and 144 stages, an operator in the Utica Basin needed to streamline its millout procedure to increase cycle time and begin production faster. Typically, one drill bit is only able to mill out up to 60-70 plugs per trip requiring operators to pull the tubing to snub point, snubbing out, replacing the bit, snubbing back in, and resuming drilling, which is a time consuming and costly process. [Read more]
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Enerplus Announces Fourth Quarter and Full Year 2019 Financial and Operating Results, 2019 Year End Reserves and ESG Targets
All financial information contained within this news release has been prepared in accordance with U.S. GAAP. This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Forward-Looking Information and Statements" at the conclusion of this news release. Readers are also referred to "Information Regarding Reserves, Resources and Operational Information", "Notice to U.S. Readers" and "Non-GAAP Measures" [Read more]
Inter Pipeline Announces 2019 Financial and Operating Results
CALGARY - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) today announced financial and operating results for the three and twelve-month periods ended December 31, 2019. 2019 Highlights Annual funds from operations (FFO) totaled $873 million Oil sands transportation business generated strong annual FFO of $604 million Bulk liquid storage FFO increased to $115 million Net income of $539 million Declared cash dividends of $706 million, or $1.71 per share Annual payout [Read more]
Treeline Well Services acquires six service rigs from Reliance Well Servicing
Treeline Well Services LP is pleased to announce the acquisition of six (6) service rigs from Reliance Well Servicing consisting of 5 doubles and 1 single. Effective February 20th, 2020 all rigs will operate under the Treeline Partnership. All 5 doubles are consistent with the majority of Treeline’s current fleet that now includes 18 KSM 550 heavy hook load double rigs. Treeline is also excited to add Reliance’s crews to our workforce, these individuals are directly responsible for the great [Read more]
Oil spill estimate in Saskatchewan derailment increases to 10,000 barrels
GUERNSEY, Sask. - An estimate of oil spilled in a fiery train derailment in rural Saskatchewan has increased to 10,000 barrels Saskatchewan's Ministry of Environment says new figures from Canadian Pacific show the spill was more than the 7500 barrels initially calculated. The ministry says a significant amount of crude was burned off during the fire, and CP estimates 7500 barrels of oil has so far been recovered. The freight train jumped the tracks on Feb. 6 near Guernsey, about 115 [Read more]
As Canadian rail blockade drags on, police use caution due to legacy of past violence
As a blockade of Canada's rail lines drags on and the economic impact deepens, police aware of the bitter legacy created by past fatal clashes with indigenous protesters have chosen not to clear the tracks by force. For the past two weeks, campaigners blocked rail lines in Ontario, Quebec and Alberta in solidarity with a British Columbia (B.C.) aboriginal band that had stopped construction of a gas pipeline over its land. The cautious approach follows raids and arrests against the B.C. [Read more]
Quebec premier says police will dismantle rail blockade if injunction granted
ST-LAMBERT, Que. - Quebec Premier Francois Legault says that police will dismantle a rail blockade in St-Lambert, south of Montreal, if a court grants an injunction. He says the blockade that went up Wednesday is not on First Nations land, making it easier to take action. The blockade in solidarity with Wet'suwet'en hereditary chiefs in British Columbia was erected on CN tracks, and it has disrupted rail service for suburban commuters and for travellers between Montreal and Quebec [Read more]
The latest on protests across Canada in support of anti-pipeline demonstrators
Here is the latest news on protests across Canada over a natural gas pipeline project in British Columbia: Federal Public Safety Minister Bill Blair says the RCMP have offered to move officers away from the area where traditional leaders of the Wet'suwet'en First Nation have been opposing a pipeline on their territory. Blair says that meets the conditions set by the chiefs, who have demanded that Mounties leave their traditional lands southwest of Houston, B.C. But yesterday Chief [Read more]
Oil rises on supply woes; demand concerns from coronavirus ease
Oil prices rose on Thursday, extending gains from its previous session, as the market shifted focus to supply disruptions, while demand concerns eased some after a sharp drop in new coronavirus cases at the epicentre of the outbreak. Conflict in Libya that has led to a blockade of its ports and oilfields shows no signs of a resolution, while U.S. sanctions on a subsidiary of Russian state oil major Rosneft could cut more Venezuelan crude from the market, rekindling global oil supply [Read more]
Pine Cliff Energy Ltd. Provides Operational Update
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff", or the "Company") is pleased to provide an update on its Pekisko oil development program which continues to demonstrate encouraging results. Pekisko Oil Development Program Update Following up on the drilling of its initial horizontal oil well ("13-33") in the fourth quarter of 2018, Pine Cliff drilled two gross (2.0 net) Pekisko horizontal oil wells during the fourth quarter of 2019. The first of these two wells [Read more]









